1 2 Mill Life

[Policy Limits]

Anyone on here?

[13COBRA]

Cool car.

[Policy Limits]

It looks like a Gen 2 on steroids. Ha.

Title is supposed to be 1/2 Mill not 1 2 and cannot be edited.

Wonder what the deal looked like. Not an auction so you cant see what the closing number is. With those miles its probably close.

[Nth Moto]

I know the new owner, it's coming here for a build. Should be super exciting!

[Mr. Acoustics]

It that the same car that lived in the lobby of Prefix? If I am not mistaken that car got sold off after the passing of the founder Kim Zeile.

Prefix Vipers.jpg

[RT SERPENT]

Gorgeous car!

[13COBRA]

It that the same car that lived in the lobby of Prefix? If I am not mistaken that car got sold off after the passing of the founder Kim Zeile.

Prefix Vipers.jpg

Yes, same car.

[Lawineer]

I know the new owner, it's coming here for a build. Should be super exciting!

What kind of build? Straight line or road racing? Please don't say it's going to be another mega hp build

[VENOM-TA]

What kind of build? Straight line or road racing? Please don't say it's going to be another mega hp build

Crazy to spend that much on a pristine single digit mile car to turn around and TT it.. not that TT is bad cause it’s what I’d love to do to mine.. But that car is a serious collector car..

[Aevus]

cars are meant to be driven

[ACRSNK]

That car is beautiful!

[ViperJon]

cars are meant to be driven

Thats why you buy one with miles on it already since you're tearing it down anyway? This guy paid wayyyyyy over average market value to get one with no mileage. To each his own.

[ViperGeorge]

When I was thinking about an ACR with a 9 liter I found one with a 9 liter that was virtually identical to the one in this thread, except not matte. I've always loved this color combo. The car had very low mileage and was kept in a bubble in a heated garage. This was in December of 2020. I didn't want to modify my ACR/TA so I figured I would just buy a second ACR that was already upgraded.

It was listed for $185K but Bill Pemberton knew the owner and he put me in touch with him. The owner was willing to sell it to me for $165K. However the car was on consignment until the end of January, 2021. He looked to see if he could cancel the consignment but no dice. So we decided to wait figuring the car would not sell at $185K. Wrong! A week before the end of January it sold.

I was bummed so I said "Fu@k it, I'm going to upgrade my ACR/TA" which I did. There is always the one that got away. In any event the new owner probably just fell in love with the car and said "I want it!" Good for him, he would probably be kicking himself if he didn't buy it and someone else did.

[ViperGeorge]

Yes, same car.

I'm confused. The car the OP posted is an ACR-E, the one with the Prefix window decal looks to be a 2013 First Edition. It is not an ACR. Oh wait, you are referring to the matte B/W in the back. My bad.

[Hawk]

$500 K to me is a whole lot of money but to some its not. The guy near me at the marina world trade in his 65’ Viking every 3 years and get a new on at about a $500K upgrade. Never mine the $9K it cost to fill the fuel tank ! The new owner of this viper can clearly afford it and fell in love with the color. Good for him and I hope he enjoys driving it, for anyone that doesn’t drive there’s you don’t know what your missing. If he bought it for an investment than I would tell him bad move ,plenty of things to invest money in that would bring a bigger return
BTW love the color ,there was a matt red one for sale about 2 years ago for just $150K I think the matte finish looks fantastic
Just my $.02

[Mikey]

Casually buying a 500k collector's item and then immediately throwing twin turbos on it. That's the dream

[Policy Limits]

6 miles would be one mile per year in six years lol. Then again I think they come with a few delivery miles from the factory so it was driven even less. I broke in two Gen V cars so far & i think the idle drops from 1100 RPMs to about 500 RPMs around one thousand miles. That means this thing is no where near being broken in yet. Wow. I wonder if such owners still do oil changes & other Maintenance even though it sits. My car only has 2500 miles but I did a break flush last year and did at least half dozen oil and filter changes not to mention its run monthly to keep the fuel moving through so gas doesn't go bad. Interesting how big a premium can be paid for single digit mileage cars.

I hope the post build is posted to check out once the work is complete.

[Lawineer]

I can't imagine it's getting sent to Nth and not getting the engine cracked open. I'm sure it will be fine. Worst case is there is a little surface rust on the cylinder walls and it gets fresh bearings.

[quickster2]

I would just preserve the original engine and build whatever suited me.

[Lawineer]

Casually buying a 500k collector's item and then immediately throwing twin turbos on it. That's the dream

We all have Gen 5 vipers here. We're all pretty damn fortunate. 10 years ago, I would have thought anyone with a dedicated race car, a $135k (ish) Viper, daily driver and then just stroking a check for 800hp secondary daily driver to be living a dream. And it is, even if a very small percentage of people have nicer dreams.

Not to get too warm and fuzzy, but almost everyone in the world considers even us "regular G5 folk" to be living dreams.

[Mikey]

Fair enough, social media has made me forget that not everyone is a multimillionaire at 23 making 200k a month while looking at a graph sipping fancy drinks in the Bahamas

[Lawineer]

Fair enough, social media has made me forget that not everyone is a multimillionaire at 23 making 200k a month while looking at a graph sipping fancy drinks in the Bahamas

There's a bunch of them in Silicone Valley that are going to be selling those beach houses in the Bahamas next week. I'll be looking at their mountain homes.

edit: lmfao. and signature bank just went under. RIP.

[ViperGeorge]

Something like 9 out of 11 times since the 1960s when the Fed increased interest rates quickly they caused a recession. The Fed is always late to the party (inflation is transitory) and when they get there they drink too fast. The rapid rise in interest rates caused bond prices to tank. Any bank that has a large portfolio of fixed income securities would have to mark them down showing paper losses (unless they are held to maturity). Might be a good time to buy FRC.

[Lawineer]

Something like 9 out of 11 times since the 1960s when the Fed increased interest rates quickly they caused a recession. The Fed is always late to the party (inflation is transitory) and when they get there they drink too fast. The rapid rise in interest rates caused bond prices to tank. Any bank that has a large portfolio of fixed income securities would have to mark them down showing paper losses (unless they are held to maturity). Might be a good time to buy FRC.

Kind of.

Spiking interest rates certainly has a high risk of creating chaos. Markets love (and are predicated to a certain degree) on stability. So yeah, changing something big very quickly is going to screw up something.
What it really does is catch people with their pants down / hands in the cookie jar/ whatever. These banks went all in and were not hedged. Banks should not be taking any risks where catastrophic outcomes are reasonably on the table. I mean, come on- give me a break. You didn't foresee that interest rates could go up? They were damn near zero. It wasn't like they were buying these things as a short term investment to hold to maturity. Even if it was spread out over longer term, it would have been a disaster. And honestly, interest rates were way too low.

Same thing happened with sub prime. It wasn't really the subsidized/government guaranteed lending. It was the leveraging to all hell, credit rating "flexibility", throwing in a few crap mortgages into a bundle with AAA, etc. that caused the collapse. Otherwise, it would have just been a bunch of people defaulting on their mortgages that Uncle Sam backs up, and likely not a big deal because the underlying security was real estate. But it certainly gave greed and stupidity somewhere to start.

Also reminds me of the GameStop fiasco. They went balls in, unhedged, on naked shorts. There was likely an unwritten rule not to fuck big funds with a short squeeze, but reddit didn't give a shit and caught them with their pants down. It literally changed short side investment banking.

[ViperGeorge]

Kind of.

Spiking interest rates certainly has a high risk of creating chaos. Markets love (and are predicated to a certain degree) on stability. So yeah, changing something big very quickly is going to screw up something.
What it really does is catch people with their pants down / hands in the cookie jar/ whatever. These banks went all in and were not hedged. Banks should not be taking any risks where catastrophic outcomes are reasonably on the table. I mean, come on- give me a break. You didn't foresee that interest rates could go up? They were damn near zero. It wasn't like they were buying these things as a short term investment to hold to maturity. Even if it was spread out over longer term, it would have been a disaster. And honestly, interest rates were way too low.

Same thing happened with sub prime. It wasn't really the subsidized/government guaranteed lending. It was the leveraging to all hell, credit rating "flexibility", throwing in a few crap mortgages into a bundle with AAA, etc. that caused the collapse. Otherwise, it would have just been a bunch of people defaulting on their mortgages that Uncle Sam backs up, and likely not a big deal because the underlying security was real estate. But it certainly gave greed and stupidity somewhere to start.

Also reminds me of the GameStop fiasco. They went balls in, unhedged, on naked shorts. There was likely an unwritten rule not to fuck big funds with a short squeeze, but reddit didn't give a shit and caught them with their pants down. It literally changed short side investment banking.

Interest rate changes take several months to have an impact. Up to 9 months in fact. So the Fed keeps raising rates before they have had the chance to determine the impacts of the rate increases they have already made. You are correct that other factors, such as loose credit standards, helped make the Great Recession deeper and longer, however the Fed should have known this. The OCC, FDIC, and Fed review banks all the time. They should have said "we see banks with large bond portfolios so if we raise rates too quickly some banks could fail."

I believe the Fed is completely incompetent. Heck they were even still buying bonds (known as quantitative easing) up until early last year when inflation was already spiking.